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faylee
Aug 22, 2016 2:22 AM

bullish butterfly, long set up Long

GOLD / U.S. DOLLARICE

Description

Entry: 1333
TG1:1357
TG2: 1370
TG3: 1390

Comment

The yuan mid-point against the dollar devaluation of 441 points, at 6.6652. It's the biggest drop since June 27.

Comment

In Aug.11,2015 AM, RMB depreciation of a trading day 1136 points, 1.9% cut
Gold price has fallen down 11/OZ in 9:00-9:45AM,then moved up near 22/OZ in 3:00PM.

Trade active

my entry: 1332.5

Comment

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Comment

Trade closed: stop reached

Comments
amedvedyev
Faylee,
Thank you for your very good and timely info.
Q: how many Time-Frames are used for calculation of Elliott waves in this analysis?
donnalife
seems broke down just now, so we have to look further into it
UnknownUnicorn163516
Faylee, Excellent Charts! My congrats. You are brilliant Trader as I can see. But regarding this chart, don't you think we could have a correction to 1280-1260 area now before the huge growth. Thus often happen in Gold before such moves.
faylee
We got resistant at 1340
Updated chart, possible movement:

s3.amazonaws.com/tradingview/snapshots/n/NpGTETv3.png
UnknownUnicorn345859
From my view

The gold may drop more,

Victor.Y.F
Thank you for your ideal! There could be more down to 1303- 1310 10 months SMA support. BTW if FRB rises rates in Sep. it's a huge buy there, don't miss it please.
UltraVC
I'm in there with you.
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